Overview
What is Metropolitan Property Management Inc?
Metropolitan Property Management Inc is a nonprofit organization situated in Washington, North Carolina. Their primary focus is on delivering exceptional management services to the owners of multifamily rental housing developments, specifically catering to low to moderate income families, the elderly, and individuals with disabilities. The organization's mission is to enhance the quality of life for these individuals by ensuring they reside in safe and well-maintained housing units. They employ a workforce of 69 individuals, dedicated to fulfilling this mission.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
Metropolitan Property Management Inc has received a low rating primarily due to significant gaps in its financial transparency and accountability. While it scores well in aspects such as independent board membership and program expense ratio, it has failed to provide essential financial statements and has several missing policies, which raises concerns about its operational integrity.
The organization's high program expense ratio suggests that it directs a large portion of its funds towards its programs, indicating a commitment to its mission. However, the lack of detailed financial reporting and important governance documents detracts from its overall credibility and could hinder trust among potential donors and stakeholders.
Additionally, the absence of a whistleblower policy and missing documentation on its website are major drawbacks. These deficiencies underscore the need for Metropolitan Property Management Inc to improve its governance practices and enhance transparency to better serve its community and build donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Metropolitan Property Management Inc legitimate?
Metropolitan Property Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metropolitan Property Management Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $80,393
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,171,043
For more financial information, click here
What is the mission statement of Metropolitan Property Management Inc?
Metropolitan Property Management Inc's mission is centered around enhancing the living standards of individuals with modest incomes. They achieve this by offering safe and superior quality housing. The organization provides effective management services to the owners of multi-family rental housing developments, specifically catering to low to moderate income families, the elderly, and/or disabled individuals. The primary focus is on ensuring the safety and quality of housing for the residents of the projects they manage.
Who is the CEO of Metropolitan Property Management Inc?
Eric Whitaker is the Board Chair of Metropolitan Property Management Inc.
What is the revenue of Metropolitan Property Management Inc?
Metropolitan Property Management Inc's revenue in 2022 was $2,794,460.
Who are the executives of Metropolitan Property Management Inc and what are their salaries?
The average compensation at Metropolitan Property Management Inc during 2022 was $32,630. There are 69 employees at Metropolitan Property Management Inc.
Here are 8 key members and their salaries:
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- Compensation: $80,393
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Where can I find the form 990 for Metropolitan Property Management Inc?
Metropolitan Property Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Metropolitan Property Management Inc
Metropolitan Property Management Inc, as an organization, is dedicated to enhancing the lives of low to moderate income individuals. Their mission is centered around providing safe and high-quality housing. By offering superior management services to the owners of multifamily rental housing developments, they aim to cater to this specific demographic, ensuring that they reside in secure and comfortable environments. The focus of Metropolitan Property Management Inc lies in the upkeep of the properties they manage, ensuring the well-being of the residents who call these projects home.
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Impact
October, 2024
Metropolitan Property Management Inc plays a crucial role in enhancing the living conditions of low to moderate income individuals and families. By providing superior management services for multifamily rental housing developments, the organization focuses on delivering safe and quality housing to vulnerable populations, including the elderly and disabled. This commitment to maintaining high standards in housing not only improves residents' quality of life but also fosters community stability and well-being.
In Washington, NC, Metropolitan Property Management Inc addresses a vital need for accessible housing, ensuring that its projects create environments where residents can thrive. Through its dedicated efforts, the organization positively impacts lives by promoting security, comfort, and dignity within the homes it manages. This work ultimately contributes to building stronger communities and improving overall socio-economic conditions for those it serves.
This information is meant to be a general summary of Metropolitan Property Management Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $2,794,460
- Gross Receipts: $2,794,460
Assets and Liabilities:
- Total Assets: $166,613
- Total Liabilities: $199,182
- Net Assets: -$32,569
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTIES SALARY TRANSFERS
Revenue
$2,177,672
MANAGEMENT FEE REVENUE
Revenue
$597,188
PROGRAM REVENUES
Revenue
$11,900
RENTAL REVENUE
Revenue
$7,700
Organization Details
Founding Year
2011
Principal Officer
Eric Whitaker
Main Address
PO BOX 1706, WASHINGTON, NC, 27889
NTEE Category
Code: L20 - Housing
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